Casino Developer Stephen A. Wynn is widely credited with transforming Las Vegas into a world renowned resort and convention destination. As Chairman of the Board, President, and Chief Executive Officer of Mirage Resorts, Incorporated, Mr. Wynn envisioned and built The Mirage, Treasure Island, and Bellagio, boldly conceived resorts that set progressively higher standards for quality, luxury, and entertainment. Now, as Chairman of the Board and Chief Executive Officer of Wynn Resorts, Limited, Mr. Wynn is developing Wynn Las Vegas, intended to be among the world’s preeminent luxury hotel resorts when it opens on the Las Vegas Strip in April 2005, and Wynn Macau which is scheduled to open in 2006. Wynn began his career in 1967 as part owner, Slot Manager, and Assistant Credit Manager of the Frontier Hotel. It was an entrepreneurial real estate transaction with Howard Hughes in 1971 that produced sufficient profits for a major investment in the landmark Golden Nugget Casino. Wynn transformed the Golden Nugget into a Four Diamond resort known for elegance and personal service. By 1973, at age 31, Wynn controlled the property and began developing the Golden Nugget as a complete hotel resort. In 1978, Stephen used profits from the Golden Nugget in Las Vegas to build the 506-room Golden Nugget Hotel & Casino on the Boardwalk in Atlantic City. In 1987, Wynn sold the Atlantic City Golden Nugget, which had cost $160 million, to Bally for $450 million and turned his creativity to developing what would become the company’s flagship property -- The Mirage. The elegant hotel, with its imaginative erupting volcano and South Seas theme, ignited a $12 billion building boom that catapulted Las Vegas to America’s #1 tourist destination and fastest growing city. In 1993, Mr. Wynn opened Treasure Island, establishing a new paradigm by which casino theme resorts are designed. Inside, the Four Diamond property, with its romantic tropical theme, is one of the city’s most electrifying casino resorts. In 1998, Mr. Wynn raised the bar again when he opened the opulent Bellagio, a $1.6 billion resort considered among the world’s most spectacular hotels. In 1999, Mr. Wynn brought Mirage Resorts’ standard of style to Biloxi, MS with the 1,835-room Beau Rivage. Blending Mediterranean beauty with Southern hospitality, the resort was the center of a building boom that established Biloxi as a regional tourism center. In 2000, Mr. Wynn sold Mirage Resorts, Inc. to MGM for $6.6 billion and purchased the Desert Inn Resort and Casino to build Wynn Las Vegas, a 2,700-room luxury casino resort that has inspired yet another wave of development on the Strip. Concurrently, Wynn Resorts is developing its Asian flagship casino resort in Macau where the company has been awarded a 20 year concession by the Macau government. Stephen graduated with a Bachelor of Arts degree in English Literature from the University of Pennsylvania and, in 1963.
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- Creating Vision
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Leadership, Real Estate, Business, Celebrity
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